Mizuho Markets Americas LLC Invests $135.40 Million in Entergy Corporation $ETR

Mizuho Markets Americas LLC acquired a new stake in Entergy Corporation (NYSE:ETR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,452,900 shares of the utilities provider’s stock, valued at approximately $135,396,000. Entergy accounts for 2.5% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 10th largest position.

Several other institutional investors have also recently added to or reduced their stakes in ETR. Mesirow Financial Investment Management Inc. grew its holdings in Entergy by 3.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 116 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Entergy by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after purchasing an additional 118 shares in the last quarter. CW Advisors LLC grew its stake in shares of Entergy by 3.4% during the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 121 shares in the last quarter. Virtus Investment Advisers LLC increased its holdings in Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 124 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Entergy by 1.7% in the third quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after acquiring an additional 124 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ETR has been the topic of several research reports. BTIG Research upgraded Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Evercore ISI boosted their price target on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Bank of America raised their price objective on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.97.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider directly owned 7,899 shares in the company, valued at $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the purchase, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 10,179 shares of company stock worth $981,707 in the last three months. 0.39% of the stock is owned by company insiders.

Entergy Trading Up 0.8%

NYSE:ETR opened at $96.48 on Monday. The firm has a market capitalization of $43.09 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.15 and a beta of 0.66. The business has a 50 day simple moving average of $93.91 and a 200 day simple moving average of $91.69. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. Entergy Corporation has a 12-month low of $75.55 and a 12-month high of $98.58.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same period last year, the business posted $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were given a dividend of $0.64 per share. This is a boost from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, November 13th. Entergy’s payout ratio is presently 63.21%.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.